Opened ADA UP position at 0.482 price with 5x leverage Hi everyone,
In last 3 days ADA price increased on over 10% and I think that it's just a beginning.
I just opened ADA UP position at 0.482 price with 5x leverage on Fybit trading platform.
First target is 0.52, Second target is 0.62, Stop loss at 0.42
This is a high risk trade but potential reward is worth it.
Please, do not forget to boost this idea & share it with your friends; thanks.
Cardano
SasanSeifi 💁♂ Daily Price Analysis (ADA)Hi there!✌
As can be seen on the daily timeframe, the price has been on a downtrend from the 0.80 cent range. Following the breakdown of the 0.45 low, the price has experienced positive volatility within the liquidity range. Subsequently, after reacting to the 200 EMA range, it has once again faced correction due to the failure to establish above the 0.50 cent range and the EMA. Further correction to the 0.38 cent demand zone and the 0.30 cent zone can be considered. The probable trend is also indicated in the figure above.
After ranging and positive fluctuations, we are expected to see a further correction to the demand zone and the BULLISH BB. Then, we can expect a ranging trend and a positive reaction from the demand zone. In case of positive fluctuations, to better understand the continuation of the price movement, it should be observed how the price will react to the important 0.50 cent range to better understand the continuation of the price movement. The 0.50 cent range is a significant resistance level.
In addition, Expect ranging with potential for further correction followed by a bounce off the demand zone. The key resistance is 0.50 cents. A breakout above 0.50 cents and the 200 EMA could signal growth to 0.55/0.60 cents.
Please note that this is not financial advice and should not be taken as such. Always research and consult with a financial advisor before making investment decisions.
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
ADA: It is possible that the correction is over or almost overFriday's price action has a couple of very strong confluence. First the double bottom at 0.5 fib level, and second, RSI bullish divergence. EW perspective, this could be an ending diagonal to end wave 5 of C. This could also be wave 1 of 5 of C; so, we wouldn't know for sure unless we see price move above $0.57. We could see a sharp move up for ADA which could go against the general market trend where BTC and others are still correcting and should be correcting for another month or so. ADA might be the one to start the next cycle this time. We should see very bullish price action if that is the case. If price stays choppy and next week we don't see an upward momentum, then probably something else going on. We will find out in a few days.
Navigating Crypto Bull Run 2024-2025Hello, Skyrexians!
While Bitcoin is locked inside the price range between 60k and 70k, altcoins look dead. While we saw fantastic rally for Bitcoin, Ethereum, Binance coin and other largest altcoins, most of crypto assets are still testing the bottom. This price actions can disappoint even best crypto traders. People usually trading cryptocurrency for profit, but now even if you bought altcoins at the bottom you have a very small profit.
In March 2024 most of crypto trading strategies predicted the further pump, but instead of this we can see -60% drop for most of crypto coins. Even most of trading bot strategies faced with huge losses during last 3 month. During the bullish phase the best decision is to use grid trading bot, but this time price went out from the grid bot trading range, therefore even automated trading bots faced with losses.
In our opinion such shakeout was needed because of excessive optimism on the crypto market. People needs to be disappointed and sell their crypto before the true bull run. Now it’s happening, we will show you our thoughts about crypto market and will try to analyze what is coming next.
Bitcoin analysis
As it usually happens Bitcoin started moving up first. It’s bull run started at the beginning of 2023. We will analyze 1W time frame. Awesome Oscillator and Alligator showing us that Bitcoin is still in global wave 3 because of it’s maximum value. Moreover AO still has not crossed zero line. It means that there are a lot of time before bull market will be finished.
We predict the wave 3 finish in the upcoming 1-2 months with the price target approximately at $80k. Let’s use this target to predict the further scenario. We have the super confident target for the wave 4. It’s inside the range between 0.38 and 0.5 Fibonacci retracement for the wave 3. It’s inside the range $54-61k. Moreover, lower degree wave 4 has been finished there. When price will reach this zone, for bullish reversal bar and AO crosses zero line, it can be the strong sign that global wave 4 is finished.
Assuming that wave 4 will be finished in this zone we can predict the target for the wave 5. We have to take the distance from wave 1 bottom the wave 3 top and measure it from wave 4 bottom. This is the maximum target for the wave 5 and the entire bull run, at $115k. The minimal target is 0.61 from this distance, approximately at $92k. Anyway, this wave shall be printed in conjunction with the AO bearish divergence to kill this bull trend.
Taking into account that wave 4 can be very long in terms of time this bull run will be finished in the middle of 2025.
Bitcoin Dominance
Bitcoin is moving clear, but what with altcoins? The key chart for altcoins is the BTC Dominance chart. Every time we see huge drop on it, massive alt seasons happen.
You can say that this is not a real asset and it’s impossible to predict it’s value, but all these movements is the trader’s psychology. Therefore we can use classical TA tools here. BTC Dominance now is inside the target area 0.5-0.61 Fibonacci. There is a high chance that massive dump will start from here. This time it can break 40% and finally reach 24%. We believe that this time this decrease can be on the real Bitcoin’s dump. Large players have a huge gains on Bitcoin and they need to distribute liquidity to take profit, that’s why alt seasons usually happens. We predict the altseason start in the upcoming 2 months.
Cardano (ADA) analysis
Let’s move on to altcoins analysis and start with the old assets ADA. It has enough history to make a price prediction. Previous bear market bottom was at $0.02, this time it has reached $0.2. You can say it’s 10x from the bottom, how it will go up?
We can conclude that ADA is the uptrend crypto asset because it’s making higher lows from cycle to cycle. Therefore the previous bull run could be just the wave 1. Global wave 2 finished with the bullish divergence with AO on the weekly time frame and after that we have seen this local rally. This rally is just the wave 1 of the new bull run and current dump is just a correction to it. For sure we need more disappointment, that’s why we expect more sideways in the current range. When everybody will be disappointed the huge wave 3 starts. It has two targets: $3.3 and $5.2 if this bull run will be extended.
Cosmos (ATOM) analysis
The main question of the day is why such fundamentally strong asset like ATOM is still at the bottom, while meme coins made 10x. For sure it was a huge mistake, but as we can see now people hate such assets like ATOM. They want to buy Solana or PEPE instead and it’s good sign for ATOM holders. We make our predictions based only on charts and this chart is also telling us about bull run is coming.
ATOM is also making higher lows from cycle to cycle. The main difference with ADA is that Cosmos has printed shortened wave 5. First bullish wave finished in March and now price is finishing wave 2. Wave 3 will start suddenly when nobody believe it that. We suppose in September will be huge gains on fundamental projects. Minimal target is $49, maximum one is $77 according to 1 and 1.61 Fibonacci extensions.
Polkadot (DOT) analysis
The last crypto asset for today is DOT. It has almost the same pattern like previous two assets. Wave 5 of bear market was not shortened here that’s why we have seen rally more than for ATOM.
Previous bear market bottom has been reached much lower that in the current cycle. In our opinion the first wave of the new bull run has been already printed ad current disappointing wave 2 is trying to persuade people to sell their assets.
After 1-2 month of consolidation and may be making lower lows locally we will see the huge push the the upside. The minimal target is $56, maximum equals $89.
Conclusion
Most of altcoins are in the huge accumulation which lasts for almost two years. In the previous bear market was almost the same time before significant gains. For sure this time can be different and may be it’s time to die for altcoins, but Elliott Waves analysis reflects perfectly the crowd’s mood. If now we can see still a lot of optimism, if price will continue sideways they disappoint.
Overall, we can see now two groups of traders. The first one is still bullish, the second one is waiting for new lows below the current consolidation to enter the market. We suppose that both major groups shall be fooled, market maker will not allow assets to dump that much, but at the same time he will not pump it before most of bulls sell their assets.
Best regards,
Skyrex Team
BITCOIN (BTC) : Bitcoin's 12-Week Plateau: Bullish Targets AheadBy analyzing the weekly (logarithmic) chart of #Bitcoin , we observe that the price has been trading around the $70,000 range for the twelfth consecutive week, showing no clear trend! Despite this sideways movement, I remain bullish on Bitcoin. My targets are $77,000, $85,000, and ultimately $100,000!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ADA TM : 1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
ADA/USDT Gaining Momentum For a Rally From a Key Support💎#ADAUSDT has impressively surged above the descending channel and it's now in a critical phase to retest resistance turned support. The Point of Control (POC) of the VRVP Channel provides additional backing and boosts the likelihood of maintaining this bullish trend.
💎If #Cardano successfully maintains the retested support at $0.425, we expect a robust rally fueled by the built-up momentum at this level.
💎However, if CRYPTOCAP:ADA loses strength and slips back within the channel, dropping below the new support, this might suggest a reversal to a downward trajectory. The next crucial demand zone stands at $0.387, a level known for its significant bullish responses owing to strong liquidity.
💎On the other hand, if #ADA revisits this demand zone, it is imperative that the price firmly rebounds from this point to sustain the support. Failure to do so could intensify bearish pressures, deteriorate market sentiment, and potentially prompt further price declines.
💎Stay sharp and adaptive, Paradisers. Your ParadiseTeam is actively monitoring and prepared to navigate you through the evolving dynamics of the #Cardano market.
MyCryptoParadise
iFeel the success
GTAI/USDT : Get Ready for another Bullish Swing ! (READ CAPTION)By checking the GTAI/USDT chart in the 12-hour time frame, we can see that after the last analysis we had, the price started growing again and reached $1.60 with an 8% yield! Every time I post an analysis of this cryptocurrency, we see a very attractive growth of it, today again the price has doubled the attraction of buying, both for those who are holders and those who are Scalpers! The expected yield of this cryptocurrency will be 30% to 44% in the short term and 180% to 250% in the long term!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
DOGECOIN (DOGE) - Investment Opportunity (READ THE CAPTION)By examining the #DogeCoin chart on the weekly timeframe (logarithmic), we observe that the price has increased by more than 18% since the last analysis and is currently trading around $0.165. I continue to anticipate an explosive growth for DogeCoin in the near future. The most significant demand zone is between $0.075 and $0.091. The upcoming price targets are $0.229, $0.35, $0.374, and $0.75. The expected long-term return for this cryptocurrency is over 300%.
The Main TA :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Testing the support level at the bottom of the triangleCardano is currently testing the support level at the bottom of the triangle. This key point can play a crucial role in determining the future price direction. If this support level holds, there is a possibility of an upward movement and a price rebound to higher levels. However, if this support is broken, a continuation of the downward trend and further price decline can be expected.
ADA Daily Chart Analysis - Long Target $0.62, Short Target $0.26NOT FINANCIAL ADVICE
TL;DR Bear Pennant / symmetrical triangle, No Trade Zone, wait for breakout. Long target is $0.62, short target is $0.26
BITGET:ADAUSDT has been trading in a symmetrical triangle (potential Bear Pennant) since April 13th. For me it's a No Trade Zone now, a breakout is needed to determine the direction of the next trend
Fairly respected fibonacci retracement levels highlight potential areas of interest
Disclaimer: The targets will change if a breakout does not happen soon, as they need to be measured starting from the breakout point
🟢 Bull Case
The target of a breakout from the resistance trendline 🟠 is $0.62, which is also where the breakout that led to the last leg down happened
Watch $0.58 (0.718 fib) as it is a previous key area and a High Volume Node which could offer some resistance
🔴 Bear Case
The Pennant target for a break below the support trendline 🔵 is $0.26, which is a previous key area and inverted 1.618 fib of the last leg down
ADAUSDT Short Term Roadmap 28-MayHello my friends
Cardano is getting squeezed to start a new move up.
The red lines indicate the range of the daily price range
According to the chart, I am looking for a suitable setup for a long position in the specified range
The confirmation will be done in 15 minutes
This post will be updated, please let me know what you think about it
💎 BITCOIN (BTC) : a Big Move Beyond $70,000? (READ THE CAPTION)With a recent analysis of the #Bitcoin chart in the weekly (logarithmic) timeframe, we can see that the price has once again succeeded in returning above the $70,000 level. As I have mentioned multiple times in recent analyses, I am expecting an explosive move from Bitcoin soon, with targets of $77,000, $85,000, and $100,000, respectively!
Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Altcoins Pre Rally- Ok here i will try to explain altcoins markets possible movements before the real bullrun.
- so i called it " Pre Rally ".
- why i always use Cardano as exemple ?
- Because Cardano is older than other altcoins projects and have liquidity.
- Why i don't use Ethereum ?
- Because ETH is stronger than regulars altcoins ( i don't consider it as altcoin )
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- what is important to look at in this chart :
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- Bottoms ( 0% Fibo )
- impulsive first extension ( 261.8% Fibo - Green Rectangles)
- retracements ( 161.8% Fibo - Red Rectangles )
- Rejections ( Red Bubbles )
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- i will post in comments some others projects and you will get it fast.
- Feel free to add your favorite project in comments and i will update the comments sections.
- Don't ask if project is too young.
- Numbers are not rally hazardous when you use Fibo the good way.
- Don't forget Trading is analyzing the past and try to get the future.
Happy Tr4Ding !
ADA long setupHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ADA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ADA - Cardano - The Charles ArmyADA - Cardano - The Charles Army
Been awhile. I've pivoted to more rewarding chains. Ie. SOL and its smaller shitcoin prodigies. This one will go properly eventually; but I think your looking at about a 5x from here. Things like RAY, ORCA, JOE etc will probably do better.
Might be wrong and the ADA market makers are instructed to pump this puppy like they used to. ie 100x from bottom.
If Charles pivots this ship to be more developer friendly and .. cooler then maybe it goes bananas.
This is for my old Cardano homies. keep your head up.
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT
Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully.
A few other altcoins that call for concern include the following:
Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account.
You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief).
Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following:
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ADA Cardano will reach $1.6 this yearThe psychology of market cycles says it's likely.
*$1.6 is the level where the trend line was broken and the main downtrend was entered in 2021, which makes it an important level.
*It is possible that it will no longer go below 45c.
*If the price does not delay, $1.6 will be reached in the summer
ADA: risk for buy📊Analysis by AhmadArz:
🔍Entry:0.426
🛑Stop Loss: 0.391
🎯Take Profit: 0.461 - 0.497
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
ADAUSDT.1DUpon reviewing the ADA/USDT daily chart, several critical technical indicators and levels emerge, providing insights into potential price movements.
Trend and Resistance Analysis:
The chart shows that Cardano (ADA) has faced significant volatility, with the current price at approximately 0.4668 USD. The price is currently attempting to recover from its recent lows. There are two major resistance levels to watch: R1 at 0.5263 USD and R2 at 0.6852 USD. The price recently faced rejection at R1, indicating strong selling pressure around this level. Breaking above these resistances would signal a potential reversal of the current bearish trend.
Support Levels:
On the downside, the primary support level is identified as S1 at 0.3606 USD. This level has shown strong buying interest previously and could act as a floor if the price continues to decline. Below S1, the next significant support level is S2 at 0.2255 USD, which has also been a critical support zone in the past.
RSI and MACD Indicators:
The Relative Strength Index (RSI) is currently at 49.38, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided. The Moving Average Convergence Divergence (MACD) indicator is showing signs of a potential bullish reversal. The MACD line (blue) is approaching the signal line (orange)
from below, and the histogram shows decreasing bearish momentum.
Volume Analysis:
The volume pattern indicates that trading activity increases during price declines, suggesting strong market reactions. This heightened volume during downward movements implies significant selling pressure, but it also means that any positive news or bullish signals might lead to a swift recovery due to the existing oversold conditions.
Conclusion:
In conclusion, the ADA/USDT pair is currently in a neutral to bearish trend but is showing signs of potential stabilization around key support levels. The RSI indicates a neutral position, while the MACD suggests a possible bullish crossover, which could signal the beginning of a recovery phase. Traders should closely monitor the support levels at 0.3606 USD and 0.2255 USD, as well as the resistance levels at 0.5263 USD and 0.6852 USD. A break above these resistance levels would confirm a bullish reversal, while a failure to hold the support could lead to further declines.
Overall, the market sentiment for ADA remains cautious, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
ADA: Channel Down BreakoutTrade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.46, then $0.35. The nearest Resistance Zone is $0.57 (previous support), then $0.65 - $0.68, and $0.80.